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China supports supply chains as part of its open economy

Beijing, Nov 29 (Prensa Latina) The China International Supply Chain Exhibition (CISCE) is a new platform for high-level cooperation and construction of an open global economy, the Foreign Ministry said.

Spokesman Wang Wenbin emphasized the importance of this event that takes place in this capital with a significant presence of 515 national and international companies and institutions.

According to the spokesman, China wishes to work with all parties to strengthen industrial and supply chains worldwide, and thus “contribute to global economic recovery, development, and prosperity”.

“In a context where the world is facing opening and closing trends, China reaffirms its choice to move resolutely toward high-level openness,” Wang emphasized.

Under the theme “Connecting the World for a Shared Future,” the event will run until next Saturday.

Foreign exhibitors account for 26% of the total, including corporate giants such as Amazon, Apple, Tesla, Intel, and Qualcomm, as well as several multinational companies.

At the recently concluded Third Belt and Road Forum for International Cooperation, President Xi Jinping assured that China will further open up to the outside world.

China reinforces its openness to foreign investment at a time when this indicator reached 137.49 billion dollars, a 9,4% year-on-year decrease.

In fact, the National Development and Reform Commission, the country’s top planner, explained that the nation will shorten its negative list for foreign investment in a reasonable manner and remove all restrictions for those entering the manufacturing industry.

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